Home renovation enthusiasm has dialed down from the frenetic pace of the pandemic era, but homeowners continue to make significant investments in their spaces, especially with the spring housing market gaining momentum. According to CNBC, and when it comes to the return on investment, some projects now offer the highest return values in history — with a few home upgrades averaging returns of nearly 200% for the first time ever — according to the 2024 Cost vs. Value report from Zonda Media, a housing market research and analytics firm. Garage door…
Read MoreAuthor: angelica@builder.media
Top Home Improvement Projects to Boost Value
According to new survey findings from Realtor.com, although home improvement expenses remain high, 70% of American homeowners intend to renovate their homes within the next year. Furthermore, the survey highlights that nearly 75% of homeowners express a desire for clearer insights into the potential return on investment (ROI) for any renovations they undertake. According to Fox News, would-be renovators can now find out the home improvement projects that have the best ROI as Realtor.com launched a renovation calculator tool. Homeowners pick a room and enter project details to get estimated renovation…
Read MoreResearch Reveals Which States Have the Most Eager Home Remodelers
If remodeling leads to increased home furnishings purchases, then retailers in Illinois, Colorado, Maryland, Florida, and New Jersey can expect a boost in business. Research conducted on behalf of the self-storage company SpareFoot reveals that homeowners in Illinois are the most dedicated to enhancing their homes’ appearance. Illinois residents topped the list with the highest number of online searches related to home renovations—470 per 100,000 residents—using terms like “bathroom remodel,” “kitchen remodel,” and “home remodel.” According to Furniture Today, the search for “bathroom remodel” alone averaged more than 11,000 monthly…
Read MoreAtlantans Are Spending Big Money on Home Renovations
According to a report by Pro Tool Reviews, Atlanta secured the 10th position among U.S. cities for home-renovation expenditure. According to Atlanta Agent, the tool-review site analyzed home-renovation spending across the U.S. and determined that Atlantans spent $12.9 billion on home improvements over the last two years, just behind San Franciscans, with $13 billion. New York, Los Angeles and Dallas took the top three spots for renovation spending, with $37.6 billion, $20.2 billion and $15.4 billion, respectively. Across the country, remodelers spent more than $641 billion on home renovations in…
Read MoreSix Renovation Projects That Homeowners are Seeking That Pay Off for ROI
It’s common to consider sprucing up your home before putting it on the market. Yet, the range of renovation options is extensive. Some opt for simple upgrades like replacing kitchen appliances, while others dive into complete remodels with top-tier amenities. This prompts the question: which approach offers better returns? To shed light on this, we consulted a home renovation specialist to discern which enhancements genuinely enhance property value. Keep reading to explore popular home upgrades and how they stack up in terms of return on investment. According to MSN, The…
Read MoreAI in Home Renovation Enhances the Work of Remodelers
Within interior design, AI emerges as an indispensable partner in the creative journey. For instance, it can scrutinize a client’s online presence, like their Pinterest selections, to distill essential style inclinations. This data aids in crafting design ideas that resonate closely with the client’s preferences. Picture an interior designer collaborating with a client who adores Scandinavian design. AI can navigate through this inclination and propose a design blueprint showcasing simplistic furnishings, muted hues, and ample natural illumination, offering a robust foundation for the designer. According to Maket AI, virtual Reality…
Read MoreLessons from an Award-Winning Remodeler and Designer
In 2008, Elliott Pike established ELM Construction LLC, a residential design and remodeling company in Vestavia Hills, Alabama. Since then, ELM has experienced consistent profitable growth, largely due to Pike’s meticulous team-building efforts. Fostering a positive and collaborative work environment remains a top priority for him. According to the NAHB, at this year’s International Builders’ Show in Las Vegas, Pike was named NAHB’s 2023 Remodeler of the Year. Pike reflects on winning the award, the keys to building an exceptional team, trends he’s watching in the remodeling industry and more…
Read More4 Amazing Basement Remodel Ideas
A basement can be the largest space in a home, but it often ends up as a storage area for forgotten toys and miscellaneous office supplies. It doesn’t have to be that way. The following transformations by four local interior designers demonstrate that a basement can be much more than an afterthought. According to Washingtonian, the designer, of Georgetown’s Regan Billingsley Interiors, worked with Pinehurst Design Build in North Bethesda, led by Tom Gilday. Despite the basement’s space challenges, a pool table was among the clients’ priorities. The husband, a…
Read MoreTrends To Watch for Remodeling Contractors
Remodeling contractors specialize in making substantial improvements, alterations, or additions to the interiors or exteriors of existing buildings. Unlike general contractors who oversee entire construction projects, remodeling contractors typically concentrate on specific areas or tasks, such as kitchens, bathrooms, room layout changes, home additions, or deck and patio construction. While they occasionally handle commercial real estate projects, the majority of their work is on owner-occupied residential properties. According to Washingtonian, although many industries experienced economic hardships during the COVID-19 pandemic, some sectors thrived. For remodeling contractors, the unique dynamics of…
Read MoreOakland Launches New ‘Rapid Permits’ for Instant Approvals
The City of Oakland has revamped its permitting process by introducing ten new “rapid permits” through the Online Permit Center. This initiative aims to simplify and accelerate permit issuance, granting applicants immediate approval once they complete the application and pay the required fee. According to California Construction, these additions complement existing lead-based paint (LPB) and solar permits. Re-Roofing permits and insulation certificates for insulation installation will also be added this quarter. Other additions will include roll out of a new Building Combination permit (B) for apartment unit remodels and minor…
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